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Archive
- 8/9/2019 -
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Prudential Financial (PRU)

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :The price has fallen below the Parabolic SARRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldThe Bollinger Bands are historically far apart
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It was the negative week for the Prudential Financial (PRU). During the week, the PRU dropped -3.74 points, or -4.22%, and closed at 84.82 on Friday, August 9, 2019. Weekly volume was 32% above average.

Long-term trend: [See PRU long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 75.61 and reached 106.40 on May 1, 2019. PRU gained -30.79 points, or -40.72%, in 18 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (98.87) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. PRU may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See PRU medium-term trend chart]
A medium-term downtrend had started on May 1, 2019 at 106.40 and reached 82.58 on August 7, 2019. PRU lost 23.82 points, or 22.39%, in 14 weeks. The price is now at the 9.40% retracement level.

Weekly Technical Indicators: [See PRU weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since July 26, 2019. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See PRU short-term trend chart]
A short-term downtrend had started on July 29, 2019 at 103.56 and reached 82.58 on August 7, 2019. PRU lost 20.98 points, or 20.26%, in 9 days. The price is now at the 10.68% retracement level.

Daily Technical Indicators: [See PRU daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since July 30, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands (34.33%) is close to one year high (26.63%). It is 229.33% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 15.90
Oversold
Williams' Percentage Range (W%R) 85.50
Oversold
Lane's Stochastic (%D-Slow) 11.04
Oversold
Greed/Fear Indicator (GFI) 13.83
Oversold
Moving Average Converg./Diverg. (MACD) -2.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.15
Williams' Percentage Range (W%R) 87.20
Oversold
Lane's Stochastic (%D-Slow) 65.63
Greed/Fear Indicator (GFI) 39.50
Moving Average Converg./Diverg. (MACD) 1.27
Trading Signals
Description Value Chart
Upper Bollinger Band 108.79
Quarterly Trendline Support 98.87
50 Day Moving Average 98.39
20 Day Moving Average 96.57
Weekly Stochastic Crossing 95.30
Parabolic System 91.36
Daily Stochastic Crossing 85.10
Price 84.82
Lower Bollinger Band 79.67
Sector and Industry
Description Name Rank
Sector Financial 4
Industry Diversified Investments 34
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 103.56
High Date 07/29/2019
Low 82.58
Low Date 08/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 103.56
High Date 07/29/2019
Low 82.58
Low Date 08/07/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 106.40
High Date 05/01/2019
Low 82.58
Low Date 08/07/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 103.14
Support 98.87
Low 75.61
Low Date 12/26/2018
High 106.40
High Date 05/01/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 127.14
High Date 01/29/2018
Low 75.61
Low Date 12/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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